‘Tis the season to enter the gambler’s parlour and bear witness to the inevitable whirlwind to come, when expectations meet results and market participants be proven to be geniuses or abject morons. This morning we were entreated to several headwinds, starting with DDOG missing, YINN bidding lower due to a sudden reversal in the Hang...Read More

First order of business is today’s CPI.It came in hot and futures tanked as a result. But at closer inspection, much of it was driven by rents, which has a 12mo lag and that might resolve itself soon enough, due to the new immigration policies. Thirty percent of the food inflation was in regards to...Read More

Earnings season is very similar to a gambler’s parlor, juiced by the options market to create frenzied moves in either direction based upon expectations. Often times stocks smash and still collapse because “muhhh sell the news.” If you are only trading for the earnings movers, you Sir are a degenerate. More often than not, if...Read More

As per regulations (privacy statement and ADV 2a must be sent to clients annually), attached is BCW’s updated ADV. The only material change has been AUM and number of clients. I also attached our privacy policy. Should you have any questions, please feel free to contact me.20250131 ADV Part 2A Based Capital Wealth LLCDownload20240910_PrivacyPolicy_333173_Based_Capital_Wealth_LLC (2)DownloadBCW...Read More

For once the rally was able to stick, as we were entreated to a genteel session, bereft of SHOCKING and SURPRISING tariff news. The QQQ finished +1.22%, SPY 0.68% and we finished strong and powerfully +120bps. Year to date gains quickly encroach upon +7% with alpha of +408bps above and beyond the thin and paltry...Read More